ECO 450 Week 5 Mid Term Exam

ECO 450 Week 5 Mid Term Exam
Download
This midterm exam consist of 35 multiple choice questions and covers the material in Chapters 1 through 7. There are five
questions from each Chapter.
Question 1:
If the economy is operating at full employment and using...
More

ECO 450 Week 5 Mid Term Exam
Download
This midterm exam consist of 35 multiple choice questions and covers the material in Chapters 1 through 7. There are five
questions from each Chapter.
Question 1:
If the economy is operating at full employment and using resources efficiently, then an increase in spending for homeland
security this year will:
Question 2
Following the circular flow of a mixed economy, firms receive a flow of dollars from and send goods and services to:
Question 3
In 2008, which country listed below has the highest percentage of government spending relative to GDP?
Question 4
Federal government expenditures in the United States account for about:
Question 5
A mixed economy is one in which:
Question 6
The extra benefit on one more unit of a good or service is its:
Question 7
Normative economics is:
Question 8
Diamonds are sold by a monopoly firm that maximizes profits. Then it follows that:
Question 9
Positive economics:
Question 10
If the efficient output of a good is
Less